Enterprise Comparable Sales Increased 4.3%
GAAP Diluted EPS Increased 27% to $0.99
Non-GAAP Diluted EPS Increased 19% to $0.93
Closes acquisition of GreatCall
Raises FY19 Financial Guidance
MINNEAPOLIS, November 20, 2018 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended November 3, 2018 (“Q3 FY19”), as compared to the third quarter ended October 28, 2017 (“Q3 FY18”).
(Click here for a PDF version. Click here to view full release and statements.)
| Q3 FY19 | Q3 FY18 | |
| Revenue ($ in millions): | ||
| Enterprise | $9,590 | $9,320 |
| Domestic segment | $8,756 | $8,491 |
| International segment | $834 | $829 |
| Enterprise comparable sales % change | 4.3% | 4.4% |
| Domestic comparable sales % change | 4.3% | 4.5% |
| Domestic comparable online sales % change | 12.6% | 22.3% |
| International comparable sales % change | 3.7% | 3.8% |
| Operating Income: | ||
| GAAP operating income as a % of revenue | 3.4% | 3.8% |
| Non-GAAP operating income as a % of revenue | 3.5% | 3.7% |
| Diluted Earnings per Share (“EPS”): | ||
| GAAP diluted EPS | $0.99 | $0.78 |
| Non-GAAP diluted EPS | $0.93 | $0.78 |
For GAAP to non-GAAP reconciliations, please refer to the attached supporting schedule titled Reconciliation of Non-GAAP Financial Measures.
